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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (2351)	3/31/2000 3:33:00 PM
From: IngotWeTrust	Read Replies (3) \| Respond to of 3873

Well, Tiger paw...since you only read about LVLT with rose colored glasses on, let's take apart your last reply piece by piece shall we? You wrote: These people really knew what they were getting into and they knew they couldn't just borrow or grab VC money and spend it year after year while they were getting ready to light up the network. A) What do coal mining and fiber optics have in common? ZIP B) Getting ready to light up the network. Dreamer. It was supposed to be done by 12/31/99...THEY ARE WAY BEHIND SCHEDULE which translates to cash burn, not "coal burn..."<g> SCORE: O/49r 2 TPaw 0 You wrote: Instead they started with a low risk, low maintenance source of income that covers the expenses of the company. A) Never heard of the Bush/Clinton/Gore coal concession to Indonesia have you? Low Risk. NOT ON YOUR LIFE! B) Low Maintenance? You've never mined have you. Yeah, I thought so. Score: O/49r: 4 TP: 0 You wrote: They have borrowed and issued stock for billions, but that is for the direct capital expenses of buying leases and putting those funny colored wires in the ground. A) Borrowed and printed paper, which is more debt: Yeah, that is REEEEEEAL capital formation at its finest. Not only have you NOT done any mining, you haven't even passed Bookkeeping 101 in highschool have you? B) There are no colored wires...they have only planted "EMPTY TUBES" pal, tubing whose COG/pricing has skyrocketed to triple with the "raw material" of oil which is what poly prop is made from. When they started this little project...oil was $8 per barrel, last I looked it got to $34 per barrel and has now "fallen back to $28pb." Last I used the calculator that was better than 3.5 times raw material costs. And I don't know which union scale you are accustomed to tracking, but excavator/construction biz is NOT a highly profitable biz, and operator wages only go up annually, NOT decrease. Opps...there goes cost overruns, i.e., losses per share by end of Q4/2000 Buying leases? At 33c per foot they were paying 6 months ago and the length of right of way they are purchasing per adjoing neighbor is only going up, NOT down. Remember they did NOT get BLM permission...is this a cost cutting measure that is going to bite them in the ass with the lawsuits in their face and heading their way? Ever tried to win a case against govt lawyers? SCORE: O/49r: 9 TP: 0 You wrote: I also feel confident that they knew what they were getting into before they started driving those D-9's across the state. A) That is so "not true" I won't even dignify that with an answer. FINAL SCORE: O/49r: 10 TP... booby prize. At least look at the facts, TP. And if you won't look at the facts, at least go take a look at a single strand of fiber optic cable. You'll minimally notice it is NOT colored wire. Oh, and one more thing...all the JDSUniphase switches they're going to need to work this fiber optic cable... are getting more expensive by the "scheduled" delay in getting these stuff laid, let alone operational. Or did they spend part of their 36 BILLION market cap on buying in advance and warehousing fiberoptic hardware technology that will be obsoleted by the time they really get around to installing that part of the "well thought out project." The only thing I can see that is better planned than THIS LVLT project is the Elian Gonzales plan to reunite him with his father your/my Dept of Justice/aka RENO. Speaking of RENO... maybe you should cash in your chips, after the little spurt higher "engineered" by the split rumor types and GO to RENO, Lost Wages NV that is. I guarantee you'll get more cherries per buck than you'll find here in LVLT...that is if you are smart enough to sell on the split rumor runnup... Good Trading...hopefully in another stock...this one is DOA